Klever, a pioneering force in the cryptocurrency landscape, recently announced a significant investment from Gem Digital Limited, a move poised to accelerate its trailblazing endeavors in blockchain technology. Since its inception in 2017, Klever has been at the forefront of the evolving cryptocurrency arena, influencing a surge in industry players, user engagement, and an array of innovative products and services.
A New Era of Blockchain Development: KleverChain
Central to Klever’s latest advancements is the launch of KleverChain. This groundbreaking platform is redefining the realm of decentralized application (dApp) development. KleverChain stands out by allowing developers to create and deploy blockchain apps with unprecedented ease and affordability, a feat that previously required extensive blockchain coding expertise.
Dio Ianakiara, Co-Founder & CEO of Klever, emphasizes this paradigm shift, stating, “Developers need not delve into the complexities of blockchain functionality; they can simply use well-documented functions.” This developer-friendly approach is set to catalyze innovation within the Klever ecosystem.
Democratizing Financial Services
Beyond technological prowess, Klever’s mission is deeply rooted in making financial services accessible to all. Addressing the global challenge of financial exclusion, Klever aims to provide public financial services via blockchain technology, catering to both the unbanked and banked populations. This initiative emerges as a crucial response to the growing number of unbanked individuals worldwide, highlighting the urgency for alternatives to traditional banking infrastructures.
Klever Apps (Kapps) and Ecosystem Expansion
Klever’s innovative streak extends to Klever Apps (Kapps) – on-chain applications developed collaboratively within the Klever community. These pre-built, ready-to-use apps are native to the blockchain, simplifying the development process and ensuring higher security levels. This approach, focused on safety and ease of use, represents a significant departure from the complexities associated with traditional smart contract development.
Securing the Future with Advanced Consensus Mechanisms
The security and efficiency of KleverChain are further bolstered by a Roll Proof-of-Stake (POS) consensus mechanism, involving 21 validators chosen randomly among Masternodes for each Epoch. Additionally, a customized version of the Practical Byzantine Fault Tolerance (PBFT) algorithm is employed to ensure the integrity and speed of block validations, requiring a minimum of 70% consensus among validators.
Moving Forward: A Vision of Inclusive Blockchain Solutions
With the latest investment from Gem Digital Limited, Klever is set to further its vision of creating an inclusive, efficient, and secure blockchain environment. This strategic partnership marks a pivotal moment in Klever’s journey, underscoring its commitment to driving innovation and accessibility in the cryptocurrency and blockchain sectors.
As Klever continues to expand its ecosystem and develop cutting-edge solutions, the company cements its position as a key player in the ongoing transformation of the global financial and technological landscapes. With KleverChain at its core, Klever is not just evolving; it’s revolutionizing the way we think about and interact with blockchain technology.